Cape Verde vs Panama - Cost of Living Comparison

Cape Verde Panama
🚶 Cost of living one person
$695
$1040
👨‍👩‍👧‍👦 Cost of living Family
$1533
$2489
🏠 One person rent
$336
$530
🏘️ Family rent
$499
$877
🍽️ Food expenses
$260
$353
🚐 Transport expenses
$38.3
$68.5
💳 Monthly salary after tax
$320
$746
💸 GDP per capita
$3064
$12510
😃 Human freedom index
8.26
8.12
❤️ Life expectancy
73.2
78.7
👮 Corruption perceptions index
58
36
🌐 English speaking %
8%
14%
🎓 Higher education
31
49
😀 Quality of life
38
58
🏙️ Population
556K
4.1M

The average cost of living in Cape Verde ($695) is 33% less expensive than in Panama ($1040). Cape Verde ranked 121st vs 57th for Panama in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 0.5 months in Cape Verde compared to 0.7 months in Panama. Ranked 130th and 63rd best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in Cape Verde vs Panama infographic

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Prices in Cape Verde vs Panama

We calculate prices for Cape Verde and Panama as a population-weighted mean of 3 and 10 cities, respectively. Since large cities tend to have a higher cost of living, it's better to visit specific city pages below for more relevant information.

Cape Verde Panama
Eating Out
🍱 Lunch Menu
$4.66
$7.93
🥂 Dinner in a Restaurant, for 2
$31.2
$35.9
🥪 Fast food meal, equiv. McDonald's
$5.04
$6.24
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$1.74
$2.22
 Cappuccino
$1.35
$3.28
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$1.05
$1.49
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$285
$638
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$197
$375
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$393
$1105
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$322
$650
🔌 Utility Bill one person, electricity, heating, water, etc.
$75.2
$63.9
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$116
$97.6
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$46.3
$39.1
🏦 Mortgage Interest Rate for 20 Years
19.95%
6.3%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$967
$2002
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$707
$1216
Transportation
🚌 Local transport ticket
$0.67
$0.39
🎟️ Monthly ticket local transport
$23.7
$35
🚕 Taxi Ride, 8 km or 5 mi
$12.5
$13.1
 Gas / Petrol, 1 L or 0.26 gal
$1.41
$1.07
Groceries
🥛 Milk, 1 L or 1 qt
$0.94
$1.59
🍞 Bread, 0.5 kg or 1.1 lb
$0.89
$1.94
🍚 Rice, 1 kg or 2.2 lb
$0.82
$1.93
🥚 Eggs, x12
$2.22
$2.22
🧀 Cheese, 1 kg or 2.2 lb
$4.86
$10.2
🐔 Chicken Breast, 1 kg or 2.2 lb
$6.2
$5.57
🥩 Round Steak, 1 kg or 2.2 lb
$7.73
$8.11
🍏 Apples, 1 kg or 2.2 lb
$2.32
$2.74
🍌 Banana, 1 kg or 2.2 lb
$1.91
$1.27
🍊 Oranges, 1 kg or 2.2 lb
$1.94
$2.46
🍅 Tomato, 1 kg or 2.2 lb
$1.82
$2.85
🥔 Potato, 1 kg or 2.2 lb
$1.26
$2.1
🧅 Onion, 1 kg or 2.2 lb
$1.4
$1.94
🌊 Water, 1 L or 1 qt
$0.83
$0.92
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$1.95
$2.2
🍾 Wine (mid-priced), 750 mL bottle
$6.87
$9.42
🍺 Beer, 0.5 L or 16 fl oz
$1.27
$1.22
🚬 Cigarette pack
$2.6
$6.01
💊 Cold medicince, 1 week
$2.8
$8.1
🧴 Hair Shampoo
$7.1
$6.91
🧻 Toilet paper, 4 rolls
$1.01
$2.57
👄 Toothpaste, 1 tube
$1.56
$2.37
Other
🏋️ Gym Membership, 1 month
$22.3
$39.1
🎫 Cinema Ticket, 1 person
$5.06
$6.19
👩‍⚕️ Doctor's visit
$23.9
$44.2
💇 Haircut, simple
$2.44
$12.4
👖 Brand Jeans
$36.3
$43.6
👟 Brand Sneakers
$68.7
$68.5
👶 Daycare or Preschool, 1 month
$74.1
$321
🏫 International Primary School, 1 year
$3304
$12414

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Cities Comparison in Cape Verde vs Panama

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Cost of Living in Popular cities

In Cape Verde

City Cost of living Population
Praia
$683
159K
Mindelo
$729
70.5K
Assomada
$656
12K

In Panama

City Cost of living Population
Panama City
$1211
881K
Colon
$889
242K
Tocumen
$845
103K
Santiago de Veraguas
$853
89K
David
$769
82.9K
La Chorrera
$841
68.9K
Balboa
$851
62.9K
Chitre
$847
46.2K
Pacora
$760
52.5K
Penonome
$784
21.7K